Nakilat to explore FSRU business with Höegh LNG

Nakilat to explore FSRU business with Höegh LNG
Image courtesy of Nakilat

Qatari LNG shipping giant Nakilat on Tuesday signed a memorandum of understanding with Norway-based Höegh LNG to jointly explore the floating storage and regasification unit business.

FSRUs have become the technology of choice for countries without LNG receiving terminal infrastructure, enabling better accessibility of clean energy, especially those which would otherwise not be able to utilize natural gas, the two companies said in a joint statement.

Nakilat’s managing director Abdullah Al-Sulaiti said that the LNG shipping company sees this deal with Höegh LNG as “a huge stepping stone for further growth.”

“This agreement paves the way for greater business opportunities to create substantial platforms for local players to get involved in the project, exposing them to innovative technologies and expertise that would be beneficial to their growth and the development of Qatar’s energy and maritime industry,” Al-Sulaiti said.

Sveinung Støhle, Chief Executive of Höegh LNG added the two companies plan on working together towards expanding the global market for LNG.

“The alliance with Nakilat is a confirmation of Höegh LNG’s leading position in the FSRU market and offers the opportunity to further accelerate our market presence beyond the projects we undertake on a sole basis,” Støhle said.

Nakilat’s LNG shipping fleet is the largest in the world, comprising of 63 LNG vessels. Höegh LNG currently operates seven FSRUs and has three more under construction.

 

Share this article

Follow LNG World News

Events>

<< Sep 2018 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

The Nineteenth CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening is recognised as the premier end of year gathering for the global LNG industry.

read more >

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >

CWC World LNG & Gas Series: 10th Asia Pacific Summit

Now in its tenth year, CWC World LNG & Gas Series: Asia Pacific Summit returns to Singapore on 16 – 18 October 2018…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event.

read more >